Metropolitan Life Insurance Co NY cut its holdings in shares of BWX Technologies Inc (NYSE:BWXT) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,795 shares of the technology company’s stock after selling 1,538 shares during the period. Metropolitan Life Insurance Co NY’s holdings in BWX Technologies were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Advisors Preferred LLC bought a new stake in shares of BWX Technologies in the second quarter valued at about $30,000. NumerixS Investment Technologies Inc bought a new stake in shares of BWX Technologies in the second quarter valued at about $31,000. Private Ocean LLC bought a new stake in shares of BWX Technologies in the third quarter valued at about $43,000. Selective Wealth Management Inc. bought a new stake in shares of BWX Technologies in the third quarter valued at about $57,000. Finally, Doyle Wealth Management bought a new stake in shares of BWX Technologies in the second quarter valued at about $63,000.

Shares of BWX Technologies stock opened at $62.35 on Friday. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03. The stock’s 50-day moving average is $60.07 and its 200-day moving average is $55.71. BWX Technologies Inc has a one year low of $35.91 and a one year high of $62.94. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.86 and a quick ratio of 1.86.

BWX Technologies (NYSE:BWXT) last released its earnings results on Monday, November 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $506.00 million for the quarter, compared to the consensus estimate of $486.02 million. BWX Technologies had a return on equity of 90.98% and a net margin of 10.93%. BWX Technologies’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, equities analysts expect that BWX Technologies Inc will post 2.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 20th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Tuesday, November 19th. BWX Technologies’s dividend payout ratio is currently 28.45%.

A number of analysts have recently commented on BWXT shares. Zacks Investment Research lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. ValuEngine lowered BWX Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Barclays set a $55.00 price target on BWX Technologies and gave the company a “sell” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.50.

In related news, insider Joel W. Duling sold 1,600 shares of BWX Technologies stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $60.87, for a total value of $97,392.00. Following the sale, the insider now owns 16,801 shares of the company’s stock, valued at $1,022,676.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David S. Black sold 1,000 shares of BWX Technologies stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $61.50, for a total value of $61,500.00. In the last ninety days, insiders sold 3,600 shares of company stock worth $213,622. 0.44% of the stock is owned by company insiders.

About BWX Technologies

BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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